Chancellor Reeves visits Kensa heat pumps
29th July 2025
UK: The chancellor of the exchequer, Rachel Reeves, visited Truro-based ground-source heat pump manufacturer Kensa, today, on a trip to hear from Cornish businesses driving green growth.
During the visit, the chancellor met with Kensa representatives and heard about the company’s approach to clean heat and its investment expansion plans for the next five years. These include ramping up production and installation of heat pumps to 25,000/year, growing its UK workforce to 450, and creating hundreds more jobs in its UK supply chains.
As part of the discussion, Kensa welcomed the positive policies announced by the government in recent weeks, including a move to clean heating in new build homes, which Kensa is supporting through its partnership with GTC. Also discussed were the commitment of £13.2bn for the Warm Homes Plan and a plan to grow heat pump manufacturing as part of the Industrial Strategy.
Kensa also made clear that the next five years were crucial for securing investment in UK heat pump manufacturing. The sector is seen as essential for delivering the full scale of opportunities presented by the energy transition and the upgrade of UK home heating.
Kensa stressed the need to maintain the stability and policy momentum established so far on energy, giving heat pump manufacturers the market confidence needed to invest.
These discussions were followed by a roundtable at Kensa’s factory. Attendees included the chancellor, Kensa’s CEO, Tamsin Lishman, and representatives from Cornwall-based businesses with an active role in the green transition. Local MPs, Perran Moon and Jayne Kirkham, Cornwall Chamber of Commerce and the National Wealth Fund were also in attendance.
Discussions from the roundtable focused on Cornwall’s role in green growth, with a particular focus on the potential of geothermal heat and power, including Cornwall’s own natural resources, as well as the work of Kensa, which is harnessing ground-source heat right across the country.
On hearing of Kensa’s ambitious plans, Rachel Reeves said: “Companies like Kensa are crucial to transforming Britain into a clean energy superpower.”
